1Who Chooses Alibaba's Leaders

The amended filing provided the names of the 27 partners who will nominate a majority of directors. The list was dominated by insiders, including 22 members of management such as CEO Jonathan Lu and Executive Chairman Jack Ma. The board will consist of nine members–up from the four named in the previous filing–including Yahoo co-founder Jerry Yang.

Jack Ma

EPA

2Jack Ma's Spending Spree

In its new filing, Alibaba explained the 50% stake in Guangzhou Evergrande Football Club as a marketing tool that gives it access to millions of fans. Other moves, like those for two film companies, provide entertainment content for customers and diversify the company beyond e-commerce, it said. And stakes in Youku Tudou and Weibo allow it analyze user behavior and hone its targeted marketing aimed at consumers.

Guangzhou Evergrande

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3China's Infrastructure Challenge

One challenge to Alibaba’s growth is China’s underdeveloped infrastructure. The revised filing has a new section on Alibaba’s plans for partnerships with other retailers and delivery firms to make up for it. China Smart Logistics, the joint venture in which Alibaba holds a 48% stake, plans to build warehouses, distribution centers and other facilities. The long-term goal is “to support the delivery of over 100 million packages per day to consumers’ doorsteps anywhere in China within 24 hours of an order being placed,” Alibaba said.

100 million packages
Packages a day, at least, Alibaba said it is planning to deliver in China within 24 hours of an order placed.

4How Taobao and Tmall Stack Up

In its previous filing, Alibaba didn’t break out numbers for its twin engines: Taobao and TMall. In the new filing, Alibaba said transactions on TMall rose 90% from a year earlier to about $22 billion. Taobao’s transactions rose 32% to about $47 billion. Alibaba said it makes more money for every dollar spent on TMall than on Taobao.

5Where Alipay Fits In

Alipay is considered a key to Alibaba’s growth. The new release broke down the ownership of Alipay’s parent company, Zhejiang Alibaba E-Commerce. Alibaba founder Jack Ma holds 46% and co-founder Simon Xie owns 12%. The remainder is held by a company owned by Alibaba’s partners. Alibaba also gave details of Alipay’s risks, including caps that banks placed on how much money people can transfer to Alipay. China’s largest banks view Alipay, which offers access to its own investment fund, as a small but fast-growing threat. Alibaba says the caps aren’t significant but admits it can’t predict the future behavior of the banks.